UnitedHealth Group Incorporated (NYSE:UNH) Q3 2023 Earnings Conference Call October 13, 2023 8:45 AM ET

Company Participants

Andrew Witty - Chief Executive Officer

Dirk McMahon - President and Chief Operating Officer

John Rex - Executive Vice President, Chief Financial Officer

Brian Thompson - Chief Executive Officer, UnitedHealthcare

Patrick Conway - Chief Executive Officer, OptumRx

Dan Kueter - Chief Executive Officer, Employer & Individual Domestic

Roger Connor - Chief Executive Officer, OptumInsight

Dan Schumacher - Chief Strategy and Growth Officer

Amar Desai - Chief Executive Officer, OptumHealth Organization

Tim Spilker - Chief Executive Officer, UnitedHealthcare Community & State

Conference Call Participants

Lisa Gill - JPMorgan

Josh Raskin - Nephron Research

Justin Lake - Wolfe Research

Stephen Baxter - Wells Fargo

Nathan Rich - Goldman Sachs

Scott Fidel - Stephens

Kevin Fischbeck - Bank of America

Sarah James - Cantor Fitzgerald

David Windley - Jefferies

Ann Hynes - Mizuho Securities

John Ransom - Raymond James

Lance Wilkes - Bernstein

Operator

Good morning and welcome to the UnitedHealth Group Third Quarter 2023 Earnings Conference Call. A question-and-answer session will follow UnitedHealth Group’s prepared remarks. As a reminder, this call is being recorded.

Here is some important introductory information. This call contains forward-looking statements under U.S. federal securities laws. These statements are subject to risks and uncertainties that could cause actual results to differ materially from historical experience or present expectations. A description of some of the risks and uncertainties can be found in the reports that we file with the Securities and Exchange Commission, including the cautionary statements included in our current and periodic filings.

This call will also reference non-GAAP amounts. A reconciliation of the non-GAAP to GAAP amounts is available on the financial and earning reports section of the company’s Investor Relations page at www.unitedhealthgroup.com. Information presented on this call is contained in the earnings release we issued this morning and in our Form 8-K dated October 13, 2023, which may be accessed from the Investor Relations page of the company’s website.

I will now turn the conference over to the Chief Executive Officer of UnitedHealth Group, Andrew Witty.

Andrew Witty

Good morning, and thank you for joining us. The third quarter results we reported today reflect well-balanced and durable growth, supported by disciplined execution, and a steadfast commitment to ensure high quality comprehensive care is well within reach for every person we're privileged to serve.

Evolution in our marketplace, including regulatory changes, means agility and adaptability must continue to be defining characteristics of our company. The people of Optum and UnitedHealthcare continuously strive to find new ways to innovate, serve, and grow. As a direct result of their mission-driven focus, this year we'll serve even more people more comprehensively than anticipated in the outlook we offered at the end of 2022. By the close of this year, we will serve nearly 900,000 additional patients under value-based care arrangements at OptumHealth, almost 1 million new consumers across UnitedHealthcare’s Medicare Advantage offerings, and a total more than 1.5 billion scripts to the people who rely on OptumRx.